Xiaomi is also focusing on pushing upmarket while expanding in Europe. It is Xiaomi's way of taking action against the backdrop of a brewing trade war that’s stoking global economic uncertainty, Lei Jun added.

Lei Jun didn't elaborate on details of his company's investment plan though. But most likely, Xiaomi is sure that the demand of smart devices with artificial intelligence will rise in the upcoming age of 5G.

Bloomberg also stated that Xiaomi is looking to diversify its revenue as demand for smartphones globally plateaus. It expects demand to bounce back with the advent of fifth-generation wireless technology.

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